Job Title: Commercial Lead (Budgeting & Procurement)- Construction
Location: Nagpur
Reporting To: Head of Projects / CEO
Department: Real Estate
Job Summary:
We are seeking an experienced and detail-oriented
Commercial Lead
to oversee the financial planning, cost control, contracting and procurement of Real Estate projects, including
hotels, commercial complexes, and residential developments
. The ideal candidate will be responsible for budgeting, contracting, billing, cost tracking, and financial forecasting to ensure projects are delivered on time and within budget.
Key Responsibilities:
1. Budgeting & Cost Planning
Prepare detailed project budgets and cost plans at various stages of the project (concept, design, execution).
Develop cost estimates based on drawings, BOQs, and market analysis.
Work closely with architects, consultants, and engineers to align budgets with technical specifications.
Monitor and update budgets in accordance with project progress and scope changes.
2. Contract Management
Drafting, reviewing, and finalizing contracts with vendors, subcontractors, and suppliers.
Ensure contract compliance and manage cost-related clauses (payment terms, escalations, penalties, etc.).
Evaluate contractual claims and variations in coordination with legal and project teams.
3. Billing & Invoicing
Review and verify contractor and vendor bills in alignment with work completion (RA Bills, Final Bills, etc.).
Ensure timely preparation and submission of client and subcontractor invoices.
Reconcile bills with work executed and budgets.
4. Cost Control & Reporting
Track actual project costs versus budgeted figures.
Maintain cost logs, track commitments and expenses, and report deviations.
Prepare MIS reports, cost-to-complete forecasts, and monthly financial statements for senior management.
5. Vendor and Procurement Coordination
Work with procurement to ensure cost-efficient sourcing aligned with budget.
Provide cost inputs for material procurement and subcontractor negotiations.
Key Skills & Competencies:
Strong knowledge of
construction costing
,
budget control
, and
billing processes
.
Experience with
commercial
,
residential
, and
hospitality (hotel)
building projects.
Familiarity with
contracts (Lump Sum, Item Rate, EPC, etc.)
and industry standard contract conditions (like FIDIC, CPWD).
Proficient in
MS Excel
,
MS Project
, and
costing software
(like Candy, CCS, Primavera, etc.).
Good understanding of
construction drawings
,
BOQs
, and
project timelines
.
Strong analytical and negotiation skills.
Excellent communication and stakeholder coordination abilities.
Qualifications & Experience:
Bachelor's degree in civil engineering,
Quantity Surveying
, or related field.
(Master's in construction management / MBA in Finance - Preferred)
12-15 years of experience in costing and budgeting roles within the
building construction industry
.
Proven track record in handling cost planning and billing for
hotel, commercial, and residential projects. Preferred Certifications (Optional):